The library announced Tuesday that Rubenstein will serve as the next chairman of the library's James Madison Council, an advisory and fundraising group. Rubenstein will succeed outgoing chairman H.F. Lenfest, a Philadelphia philanthropist who will step down in October.

Rubenstein, who is co-CEO of The Carlyle Group, has been a major supporter of the library and its National Book Festival. He has been a member of the Madison Council since 2005.

The Baltimore native also is chairman of the Kennedy Center for the Performing Arts and of Duke University's board. He is a regent of the Smithsonian Institution and president of the Economic Club of Washington.